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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+9.1%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$16.2B
AUM Growth
+$993M
Cap. Flow
-$130M
Cap. Flow %
-0.8%
Top 10 Hldgs %
33.54%
Holding
990
New
22
Increased
267
Reduced
593
Closed
21

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$34.8M
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$31.1M
3
MBB icon
iShares MBS ETF
MBB
+$29.6M
4
MSFT icon
Microsoft
MSFT
+$28.5M
5
T icon
AT&T
T
+$20.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$60.3M
2
GLOB icon
Globant
GLOB
+$33.7M
3
EXAS
Exact Sciences
EXAS
+$31.6M
4
ANET icon
Arista Networks
ANET
+$31.2M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$27.3M

Sector Composition

Rank Sector Weight
1 Technology 24.5%
2 Financials 11.19%
3 Healthcare 10.98%
4 Communication Services 8.9%
5 Consumer Discretionary 8.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
POR icon
776
Portland General Electric
POR
$5.77B
$1.11M 0.01%
23,800
+1,200
+5% +$59.4K
MSM icon
777
MSC Industrial Direct
MSM
$6.86B
$1.11M 0.01%
11,665
-300
-3% -$27.5K
CPRI icon
778
Capri Holdings
CPRI
$1.74B
$1.11M 0.01%
30,965
-800
-3% -$31.7K
COTY icon
779
Coty
COTY
$2.48B
$1.11M 0.01%
90,298
-2,300
-2% -$27.1K
PBF icon
780
PBF Energy
PBF
$7.31B
$1.11M 0.01%
27,000
-1,900
-7% -$72.2K
CRUS icon
781
Cirrus Logic
CRUS
$6.26B
$1.11M 0.01%
13,641
-300
-2% -$24.8K
QDEL icon
782
QuidelOrtho
QDEL
$838M
$1.1M 0.01%
13,327
-200
-1% -$17.5K
WTFC icon
783
Wintrust Financial
WTFC
$10.7B
$1.09M 0.01%
15,063
-300
-2% -$20.5K
ZION icon
784
Zions Bancorporation
ZION
$10.3B
$1.09M 0.01%
40,717
-400
-1% -$11.1K
ENS icon
785
EnerSys
ENS
$6.99B
$1.09M 0.01%
10,072
-200
-2% -$18.3K
LNC icon
786
Lincoln National
LNC
$8.81B
$1.09M 0.01%
42,315
-7,686
-15% -$169K
SNV
787
DELISTED
Synovus
SNV
$1.09M 0.01%
36,004
-800
-2% -$23.4K
WU icon
788
Western Union
WU
$2.21B
$1.08M 0.01%
92,266
-26,070
-22% -$300K
M icon
789
Macy's
M
$6.68B
$1.08M 0.01%
67,070
-1,400
-2% -$22.4K
EVR icon
790
Evercore
EVR
$11.8B
$1.08M 0.01%
8,705
-300
-3% -$34.5K
SYNH
791
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.08M 0.01%
25,522
-500
-2% -$20.2K
PNFP icon
792
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.07M 0.01%
18,927
-400
-2% -$21.1K
QLYS icon
793
Qualys
QLYS
$6.35B
$1.07M 0.01%
8,276
-500
-6% -$61.5K
OZK icon
794
Bank OZK
OZK
$5.61B
$1.06M 0.01%
26,512
-1,300
-5% -$46.6K
HAE icon
795
Haemonetics
HAE
$4B
$1.06M 0.01%
12,474
-300
-2% -$25.4K
SRCL
796
DELISTED
Stericycle Inc
SRCL
$1.06M 0.01%
22,819
-500
-2% -$21.9K
HOMB icon
797
Home BancShares
HOMB
$6.18B
$1.06M 0.01%
46,430
-1,400
-3% -$30.5K
CR icon
798
Crane Co
CR
$12.7B
$1.06M 0.01%
+11,872
New +$916K
NSP icon
799
Insperity
NSP
$2.01B
$1.05M 0.01%
8,850
-100
-1% -$11.9K
MDU icon
800
MDU Resources
MDU
$4.32B
$1.05M 0.01%
90,467
-44,762
-33% -$503K
30 31
32
33 34

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q2 2023 Portfolio in Review

As of Q2 2023, State of Michigan Retirement System held 990 positions worth $16.2B, up 6.5% from $15.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Trading was light in Q2 2023: portfolio turnover was 4.3%. State of Michigan Retirement System opened 22 new positions and exited 21, leaving the 990-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q2 2023 buy was iShares 20+ Year Treasury Bond ETF: 300,000 shares worth $30.9M.
  • State of Michigan Retirement System added most to NVIDIA in Q2 2023, an estimated $34.8M increase.
  • State of Michigan Retirement System's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $60.3M.
  • State of Michigan Retirement System fully exited Globant in Q2 2023, selling an estimated $33.7M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $16.2B portfolio in Q2 2023.
  • State of Michigan Retirement System opened 22 new positions and closed 21 in Q2 2023.
  • State of Michigan Retirement System's portfolio value rose 6.5% quarter-over-quarter to $16.2B.

Based on State of Michigan Retirement System's 13F filing for Q2 2023, filed 26 Jul 2023.